they are turning it around - slowly but I do see it heading north
it seems Tom Ward was the black hole in the finances but I bet he is not bitching with the goodbye package he got -
they are drilling more wells for less money and the disposal water cost are controlled with their own disposal wells - just need to see the production keep climbing every qtr
A Mississippian test well in Kay County, Oklahoma, was especially encouraging and extended the eastern boundary of the Mississippian play with a 1000 boepd test rate." Bennett went on to say, "Through successful high grading efforts and operational improvements, we have increased Mississippian production from the second quarter even while reducing our rig count by 15%, again delivering more production for less capital. As a result, we are increasing full-year production guidance for the second quarter in a row without increasing budgeted capital expenditures and while continuing to lower other expenses."
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